Markets· ★★★★· bearish·

Crypto liquidations hit $1.48B in 24 hours, 86.7% longs, $750M on Binance

  • —24-hour liquidations totaled $1.48B, with longs at $1.28B (86.7%)
  • —More than 241,918 traders were liquidated
  • —Binance accounted for $750.1M of liquidations, 90.1% of them longs
  • —Largest single order was an $11.09M BTC/USDT long on Binance
Why it matters: The scale of liquidations amplifies price pressure and raises the risk of cascading sell-offs amid uncertainty over Binance.
#BTC#USDT
Source: Blockmedia
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